article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

Lease-specific abandonment accounts: Current Regulations – BOEM regulations allow for companies to establish lease-specific abandonment accounts instead of providing a supplemental bond. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

Lease-specific abandonment accounts: Current Regulations – BOEM regulations allow for companies to establish lease-specific abandonment accounts instead of providing a supplemental bond. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.